2020 Limits for Health Savings Accounts (HSAs)

The IRS has released the 2020 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).

There are a few HSA limitations and requirements that are adjusted for inflation each year. They apply to the minimum deductible for health insurance plans, annual out-of-pocket expenses, and the amount that can be contributed to an HSA for the year. Health Savings Account owners will see an increase in both single and family plan limits, as well as higher annual deductible and out-of-pocket limits.

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